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Malaysian businesses are keeping a cautiously optimistic outlook, with manufacturers still favouring steady growth over rapid expansion in the first half of financial year 2025 (1H25), according to a survey carried out by the Federation of Malaysian Manufacturers (FMM).
PETALING JAYA: With stamp duty for cheque book issuance having increased in cost by over 600%, the use of cheques by businesses may reduce further as some look to transition to other methods of payment.
PETALING JAYA: The government has been urged to maintain the 2% mandatory Employees Provident Fund (EPF) contribution rate for foreign workers for a reasonable period.
PETALING JAYA: Maintain the 2% Employees Provident Fund (EPF) contribution rate for foreign workers for a reasonable period to allow businesses to plan accordingly, says the Federation of Malaysian Manufacturers (FMM).
KUALA LUMPUR: Manufacturers are encouraged to inform their workforce about the Social Security Organisation’s (Socso) latest initiative aimed at streamlining the medical treatment process for employees with work-related injuries.
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has hosted the Asean Business Advisory Council (Asean-BAC) Malaysia briefing to share 12 key initiatives for Malaysia's Asean chairmanship year with over 40 business organisations.
PETALING JAYA: The Human Resources Ministry's proposal to mandate hiring three interns for every expatriate employed is impractical for the manufacturing sector, says the Federation of Malaysian Manufacturers (FMM).
Malaysia’s economy is poised for steady growth this year, driven by strong domestic demand, robust investment activities and growth in exports and tourism despite potential global uncertainties, says the Federation of Malaysian Manufacturers (FMM).
PETALING JAYA: Malaysians can shop to their heart’s content during the festive year-end sales period because any rush to stockpile China-made goods before the US tariffs kick in is unlikely to affect supply in the market.
KUALA LUMPUR: The Ministry of Investment, Trade and Industry's (MITI) move to defer the enforcement of the 80:20 local-to-foreign worker employment ratio reflects a practical approach to addressing industry challenges, according to the Federation of Malaysian Manufacturers (FMM).
PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) strongly disagrees with the proposed 14.5% hike in the base electricity tariff rate next July as reported recently and is urging the government to have an immediate dialogue with stakeholders on the matter.
PETALING JAYA: The recent minimum wage increase, combined with the planned implementation of Employees Provident Fund (EPF) contributions for foreign workers, poses a significant financial burden for businesses, says the Federation of Malaysian Manufacturers.
PETALING JAYA: Delay the implementation of the Employees Provident Fund (EPF) contribution scheme for foreign workers, business players said, citing concerns about the financial burden it would impose on companies.
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has re-elected Tan Sri Soh Thian Lai as president in the FMM’s new council line-up for 2021-2023 term.
PETALING JAYA: Amendments to the National Wages Consultative Council Act would lead to fairness in wages and strengthen protection for apprentices, says Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai.
PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) expressed support for a review of minimum wages but prefers a gradual adjustment over a sharp increase to RM2,000 as proposed by some groups.
PETALING JAYA: The business community is generally satisfied with the Madani Economy Framework and wants to give this government more time to institute its promised reforms.
PETALING JAYA: The implementation of the Progressive Wage Policy (DGP) acts as a new measure to reform the labour market, aiming to raise wages in line with productivity and experience, says Steven Sim.
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has called for more free trade agreements (FTAs) to allow companies to expand their foreign market access.
PETALING JAYA: Malaysia’s upgrade to Tier 2 in the US State Department’s Trafficking in Persons (TIP) 2024 report reflects the concerted efforts of both the government and industries that must be continued and enhanced, says the Federation of Malaysian Manufacturers (FMM).
